Criterion prepares for independence with appointment of fourth NED
17 July 2020
Criterion has appointed its fourth non-executive director, Aviva’s Chris Payne, as the industry body prepares for full independence from Origo.
Criterion was formed for the industry in July 2017, as an independent, not-for-profit industry body providing standards and governance services. It was originally part of Origo Services Ltd, publishing process and integration standards for over 25 years.
Criterion has publicly stated that the organisation is working towards full independence, which is estimated to be achieved in 2020.
The Criterion Standards cover a range of financial services, from pensions and investments, through savings, protection and occupational pensions to software solutions. They enable efficient messaging so systems can pass data between them quickly and accurately, for example, bulk contract enquiry and transaction history information between platforms and adviser firms’ back-office systems.
Payne is Aviva’s UK Digital CIO and Digital Engineering director with twenty-three years’ experience in key IT and change management positions, working across global markets and UK functions in a variety of projects.
Pat Shea, Chairman, Criterion says: “Chris is a welcome addition to the Criterion Board and joins us at an interesting time as we separate from Origo, becoming fully independent. I’m delighted that we continue to uplift capability and expertise on our Board from across the industry.
“This appointment is further step on securing our independent status. Full independence has always been our intention since launch, and we are established as a strong and increasingly independent position as part of the financial services industry eco-system. Chris brings valuable expertise and insight to the Board.”
The other three non-executive directors are: Paul Bailey, Director of Technology, NEST, Andrew Cole, Global Head of Distribution Operations at Fidelity International and Edward Glyn, Managing Director, Global Head of Relationship Management, Calastone.
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